Loan Termination Insurance
Often without warning our financial situation can change dramatically. An illness which goes on longer than expected or perhaps an accident which puts the
breadwinner out of action for many months.
At some point it may prove difficult to make payments on your car loan and the only option is to hand it back to the dealer to reduce the debt. Often, the
value of the vehicle declines quicker than the loan balance and as a result there may still be an amount to pay to the financier.
One of the great benefits AVEA Insurance provides is Loan Termination Insurance which takes care of the shortfall in this situation of up to $15,000, depending on
option chosen, to give customers that extra peace of mind. With this simple and easy cover, there’s no need to endure added stress!
